The International Monetary Fund has lowered the expectations of US economic growth again

Author:Guangzhou Daily Time:2022.07.13

The International Monetary Fund (IMF) reduced the expected US economic growth expectations to 2.3%and 1%in 2022 and 2023, respectively. This is the second time IMF has lowered the expectations of US economic growth since June this year, highlighting the deterioration prospects of US economic growth in the background of the Fed's interest rate hike.

In late June, the IMF lowered the US economic growth in 2022 from 3.7%expected in April to 2.9%, and the growth expected growth in 2023 was reduced from 2.3%expected in April to 1.7%.

The IMF Executive Board previously issued a statement saying that due to the support of unprecedented currency and fiscal policy, the US economy has "recovered quickly" from the impact of the new crown epidemic, but the rapid rebound accompanied by "extensive inflation soaring", which constitutes a "system system that the United States and the global economy. Sexual risk.

The statement pointed out that the pressure of wages and prices has existed widely, and the short -term indicators of inflation expectations have risen significantly, and long -term indicators have begun to rise. In this context, the focus of US government policies should be placed in the absence of decline and rapidly slow down the rise in prices.

IMF Executive Director agreed that for the United States, avoiding economic recession is becoming more and more challenging. It is necessary for the Federal Reserve to give clear guidance in advance policy interest rate direction to ensure the orderly and transparent exit of loose monetary policies.

Source: Xinhua News Agency Guangzhou Daily · Xinhua City Editor: Peng Wenqiang

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